Exploration & Production | Quarterly / Earnings Reports | Debt | Fourth Quarter (4Q) Update | Financial Results | Capital Markets
SM Energy's Strong Bakken Results Up Production to 64.4 MMBOE
Print
|
SM Energy Company announces certain year-end 2015 results.
Highlights: 64.2 MMBoe full year production, at the high end of guidance range and up 21% year-over-year adjusted for Mid-Continent natural gas assets sold 14.9 MMBoe fourth quarter production; oil component increased sequentially to 29% Better positioned for 2017 with sizable increase in natural gas hedges at an average price of $4.26 per MMBtu; achieved by rolling future year positions into 2017 Well hedged for 2016-applying fourth quarter 2015 production equivalents, the Company has hedges in place for approximately 50% of natural gas, 48% of NGLs (including nearly 90% of propane volumes) and 32% of oil $1.3 billion liquidity ($202 million year-end outstanding on credit facility); 2016 strategy to spend within adjusted…- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
North America News
Western Canada Upstream M&A: Q1 2026 Transaction Report
Western Canadian M&A activity in Q1 2026 was characterized by a 87% decrease in total deal value compared to Q1 2025, totaling $0.8 billion C$. However, transaction volume…
A Quiet Capital Pattern Is Forming in North American Upstream — and Almost No One Is Talking About It
A handful of recent transactions and capital raises point to a subtle pattern in North American upstream—one that is easy to miss because each event, on its own,…
EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
The “~2.2 MMb/d glut in 2025” framing traces to the EIA’s Short-Term Energy Outlook (STEO), December 2025. EIA doesn’t usually write “glut” in the tables—what they publish is…
Whitecap Details 2026 Duvernay & Montney Program
Whitecap Resources reported strong third quarter 2025 operating and financial results, marking its first full quarter following the strategic combination with Veren that closed on May 12, 2025.…
Bakken Midstream Project shelved; as future growth projects thin
Hess Midstream highlighted continued throughput growth across its Williston Basin (Bakken/Three Forks) systems, signaling higher utilization in gas gathering and processing. For producers, the only forward-looking capacity signal…
United States News
ARC Resources: Lower 2026 Capex, Higher Volumes
ARC Resources used its third quarter update to reinforce a familiar message to Canadian E&P executives: disciplined capital, structurally better market access, and a growing shareholder return program…
Baytex 2026 Development Plans
Baytex’s 2026 development plan reflects a post–Eagle Ford sale capital program and a sharpened focus on its core Canadian assets. The Company approved 2026 exploration and development expenditures…
Tourmaline: 2026 Capital Program Locked In at $2.9B
Tourmaline’s 2026 exploration and production (EP) program is set at $2.9 billion and targets average production of 690,000–710,000 boepd, with the company maintaining the multi-year EP Plan released…
Advantage Plans $300–$330MM 2026 Capital Program
Advantage’s 2026 development plan centers on Glacier-focused drilling and key midstream work. The company plans total capital spending of $300 million to $330 million and expects production to…
Paramount Targets 42% Higher 2026 Capex, More Duvernay Wells
Paramount Resources is stepping up investment in 2026 as it advances the Willesden Green Duvernay (Central Alberta Region) buildout and launches major infrastructure at Sinclair (Montney). The company…